Tasked by Prime Minister's Office to look into viability of sick state-run companies, government think-tank Niti Aayog has identified eight PSUs for closure after finding them unfit for revival.

Earlier, Niti Aayog was asked by the PMO to identify one sick PSU, along with a detailed plan for its sell-off or eventual liquidation, before moving on to other such cases.

Tasked by Prime Minister’s Office to look into viability of sick state-run companies, government think-tank Niti Aayog has identified eight PSUs for closure after finding them unfit for revival.

“These eight units are out of 74 loss-making public sector undertakings identified by the Niti Aayog for closure or sell off,” said a source privy to the development.

Once the Prime Minister’s Office (PMO) gives the in- principle approval to the proposal, the ministry responsible for administration of these PSUs will prepare detailed plan for closure of these firms, the source said.